Evangelos Venizelos is the president of the social-democratic PASOK party since March 2012. From June 2011 until March 2012, he was Minister of Finance and Vice President of the government. During his tenure as Minister of Finance, the Greek parliament approved the “Medium-term Financial Strategy” (June 2011), which included the implementation of severe austerity measures. Additionally, during the time in which he upheld the same position, the Greek parliament approved the “Memorandum of Understanding on Specific Economic Policy Conditionality” (February 12, 2012).